Gas price reduces VND 2,750 per kilogram

The gas trading enterprises in the south and HCMC said the gas retail price will be cut of VND 2,750 per kilogram starting January 1, 2015, equivalent to reduce VND 33,000 per 12 kg barrel compared to December 2014.

The gas retail price in the southern region will swing VND 290,000 to 300,000 per 12kg canister of household gas, depending on each trademark.

Explaining the cause of the falling prices, the gas trading enterprises said the price reduces following a fall in the world market by US$ 447.5per ton, decreasing US$112.5 per ton compared to the last month. Therefore in order to protect the customer interests, domestic gas price will be adjusted a bit as if January 1. 


Lac Phong –Translated by M.Quyen

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